The Evaluation And Influence Factors Of Digital Inclusive Finance In China

Inclusive finance is a financial system which provides service for all social strata and groups effectively and comprehensively.It includes three aspects: diversity of service object,content and subject It is based on micro-credit and micro-finance and designed to increase the popularity of financial services.However,some problems remain unresolved,such as the mismatch between the supply and demand of financial services,the low level of agricultural insurance guarantee and the unsound financial infrastructure.Digital inclusive finance refers to all actions to promote inclusive finance through the use of digital financial services,which can help financial institutions take into account profitability and social responsibility.Therefore,it is significant to evaluate the development level of digital inclusive finance and analyze its influencing factors.This paper is mainly divided into two parts: the first part is based on the digital inclusive finance index of Peking University,and evaluates the level of digital inclusive finance in 31 provinces(municipalities and autonomous regions)from 2011 to 2018.The second part is the empirical analysis of digital inclusive finance factors.Specifically,it takes the digital inclusive finance index as the explanatory variable,and selects explanatory variables from five aspects including economic development level,income level,access convenience,financial regulation and control,and consumer education.The main conclusions are as follows.First,the development level of digital inclusive finance in China is rising year by year,and the gap between the development levels of digital inclusive finance in various provinces is narrowing.And eastern provinces have a better foundation for the development of digital inclusive finance,while the central and western provinces have a faster development.Besides,the development of digital financial services has become a breakthrough in improving the level of inclusive finance in provinces with weak economic foundation.Second,the empirical analysis finds that there is a u-shaped relationship between the average GDP and the digital inclusive finance index.Some variables are significantly positively correlated with the digital financial inclusion index,such as the lagging period of digital inclusive finance,the level of agricultural development,the proportion of fiscal expenditure and the proportion of students in ordinary institutions.Residual variables are significantly positively correlated with the digital financial inclusion index,such as urban-rural income gap and population density.Third,government may take the following measures.Firstly,government can promote economic development and reduce the income gap.Secondly,government can accelerate infrastructure development and develop Internet finance.Thirdly,government could strengthen financial knowledge education,and actively publicize digital inclusive finance.Finally,government could strengthen the support of national policies to create a good institutional atmosphere.Developing digital inclusive finance is not only the realistic requirement,but also the hot topic of academic research.The current theoretical research focuses on the feasibility and future development path.So the innovation of this paper is taking digital inclusive finance as the research object,and the development level and influencing factors of digital inclusive finance in quantitative way.However,due to the lack of data,I should continue to update the data and expand samples.